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LSDefine

Simple English definitions for legal terms

Storage lien

Read a random definition: closing agreement

A quick definition of Storage lien:

A storage lien is when someone who stores your things can keep them if you don't pay them for their services. It's like a security deposit, but for storage.

A more thorough explanation:

A storage lien is a type of security interest that can be obtained by a person or company that provides storage services for someone else's property. If the owner of the property fails to pay for the storage services as agreed, the lien holder may be able to keep possession of the property until the debt is paid.

For example, let's say that John owns a storage facility and Jane rents a unit to store her furniture. If Jane fails to pay her monthly rent, John may be able to place a storage lien on her furniture. This means that he can keep the furniture until Jane pays the amount owed.

Another example could be a car that is left at a mechanic's shop for repairs. If the owner of the car fails to pay for the repairs, the mechanic may be able to place a storage lien on the car and keep it until the debt is paid.

These examples illustrate how a storage lien can be used to protect the interests of the person or company providing storage services. It gives them the right to hold onto the property until they are paid for their services, which helps ensure that they are not left with unpaid debts.

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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